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Solve Miss Rakhi consigned 1000 radio sets costing rupees 900 each to Miss Geeta, her agent on 1st Jan. Miss Rakhi incurred the following expenditure
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Miss Rakhi consigned 1000 radio sets costing rupees 900 each to Miss Geeta, her agent on 1st Jan. Miss Rakhi incurred the following expenditure on sending the consignment. Carriage = rupees 650 Freight = rupees 7000 Insurance = rupees 3250 Miss Geeta received the delivery of 950 radio sets. Account sale dated 30th May, showed that 750 sets were sold for rupees 900000 and Miss Geeta incurred rupees 3000 for carriage and 7500 for customs duty at the time of taking the delivery, Miss Geeta was entitled to commission @ 6% on the sales effected by her. She incurred expenses amounting to 2500 for repairing the damaged radio sets remaining in the stock. Miss Rakhi lodged a claim with the insurance company which was admitted at rupees 35000 Show Consignment Account and Miss Geeta account in the books of Miss RakhiStep by Step Solution
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